MARTINSBURG VOLUNTEER FIRE COMPANY NO 1 (EIN 251470638) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1932

Legal Domicile

Phone

8147933442

Tax Period

2024-01-01 to 2024-12-31

MARTINSBURG VOLUNTEER FIRE COMPANY NO 1, founded in 1932, is a small nonprofit in the Public Safety sector that reported $303K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 19% operating margin.

Mission

VOLUNTEER FIRE & RESCUE SERVICE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $152,495

Program Service Revenue $2,806

Investment Income $13,489

Other Revenue $133,823

TOTAL REVENUE $302,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,431

Other Expenses $246,290

TOTAL EXPENSES $246,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,613	$162,613	+0.9%
Expenses	$246,290	$204,317	+0.2%
Net Income	$56,323	$-41,704	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN GARMAN JR	PRESIDENT	10.00	Officer	$0	$0	$0
BRANDAN GARMAN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
GLENN MARTIN	SECRETARY	5.00	Officer	$0	$0	$0
HERB WHITFIELD	TREASURER	10.00	Officer	$0	$0	$0
TARA HOOVER	FINANCIAL SECRETARY	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$302,613	$246,290	$2,059,143	$56,323
2023	$162,613	$204,317	$2,023,931	$-41,704
2022	$290,844	$193,127	$2,104,422	$97,717
2021	$908,062	$159,083	$1,946,806	$748,979
2020	$194,900	$162,863	$1,414,319	$32,037
2019	$197,001	$150,465	$1,387,875	$46,536
2018	$148,865	$140,848	$1,124,145	$8,017

MARTINSBURG VOLUNTEER FIRE COMPANY NO 1